Lesson 5 Flashcards

1
Q

20% of Population, 80% wealth

A

North

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2
Q

80% of population, 20% of wealth

A

South

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3
Q
  • Third world
  • Africa, Latin America, and Asia including Middle East
  • Poor and less developed
  • 5% of the population has enough food and water
  • Serves as a raw material from the north
  • ZONE OF TURMOIL
A

Global South

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4
Q
  • First world
  • Home of all members of the G8 or Group of Eight – Canada, France, Germany, Italy, Japan,
    United Kingdom, Russia and United Sates of America
  • Home of the four powerful permanent members of UN Security Council
  • Developed countries in Asia, Australia and New Zealand
  • Richer and developed regions
  • 95% of the population has enough food and water
A

Global North

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5
Q

Term used to describe the economic gap between the rich northern countries of the world and
the south poorer countries of the world.

A

North-South Gap

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6
Q

Issues of North-South Divide: North-South Divide Issues

A
  • Distribution of income around the world
  • Economic competition worldwide
  • Standard of living
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7
Q

Factors lead to low of standard of living

A
  1. Lack of trade and aid
  2. Single crop farming
  3. Abundance of debt
  4. NeoColonialism
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8
Q

Reasons for development gap:

A
  • ENVIRONMENTAL natural features
    e.g. soil
  • HISTORICAL things which have happen in years before
    e.g war
  • SOCIO – ECONOMIC society, culture and money
    e.g religion
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9
Q
  • Less population
  • High Wealth
  • High Standard of living
  • High Industrial development
  • Industry
A

North

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9
Q
  • Large population
  • Low Wealth
  • Low Standard of living
  • Low Industrial development
  • Agriculture
A

South

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10
Q

Classifying Countries:

A

Most Developed Countries (MDCs)
Less Developed Countries (LDCs)
Least Developed Countries (LLDCs)

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11
Q

Very low per capital income, low literacy rates, and very little in the way of
manufacturing industries.

A

Least Developed Countries (LLDCs)

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12
Q

The richest of the industrialized and democratic nations of the world

A

Most Developed Countries (MDCs)

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13
Q

Countries with little industrial development, little wealth, and high population growth

A

Less Developed Countries (LDCs)

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13
Q

This places
greater emphasis on closing the evident gap between rich (more economically developed)
countries and poor (less economically developed countries) countries.

A

Development gap

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14
Q

3 main reasons why our world is so unequal today:

A
  • Colonialism
  • Trade
  • Debt
15
Q

Five World Model

A

First World Order(high)
Second World Order(moderate)
Third World Order(on the way)
Fourth World Order(lower)
Fifth World Order(lowest)

15
Q

The process by which regional economies, societies, and cultures have become integrated
through a global network of political ideas through communication, transportation, and trade.

A

Globalization

15
Q

Three world model

A
  • Capitalist
  • Communist
  • Developing
16
Q

Why is the gap between the economic north and south widening?

A
  • The richest 1% of the world’s population now receives as much income as the poorest 57%.
  • Lack of trade.
  • Lack of aid.
  • Abundance of debt
  • Failure of international organisations (e.g. IMF, World Bank, WTO).
  • Neo-colonialism.
  • Adverse climatic conditions.
  • The difficulty of transforming the established.
17
Q

The United Nations has developed a program dedicated to narrowing the divide through its

A

Millennium Development Goals